Real Estate Information

Coos Bay Properties Blog

Jan Delimont

Blog

Displaying blog entries 1-10 of 123

The Housing Market Is Now A Seller’s Market

Saturday, June 15, 2013
by Jan Delimont

by

As home values grow and low interest rates begin to increase, the housing market is slowly changing from a buyer’s market to a seller’s market, which suggests great improvement overall. Construction companies are working hard to keep up with the housing demand and, in turn, creating a positive chain of events for the economy. Additionally, homes are not staying on the market very long. According to experts, the number of days houses stay on the market is about 50% less than last year. More here

Add Comment

Solar Powered Home Sales Jump

Friday, June 07, 2013
by Jan Delimont

by

Sales of new production homes with solar power systems have increased significantly. According to SunPower Corp., solar home sales are expected to continue to increase with more than 20% of new homes being solar powered by the end of 2013. Sales of new homes with solar energy systems have almost doubled in the United States from 2011 to 2012. Solar powered houses provide a “green” solution to keep electricity costs down. More here

Add Comment

Housing Market Index Continues To Grow

Monday, June 03, 2013
by Jan Delimont

by

According to the Home Price Index, the United States housing market had a strong first quarter in 2013, showing signs of growth the last 21 consecutive months. Additionally, home values have also increased approximately 7% from last year nationwide due to buyer demand and low mortgage rates. Home values have grown around 2% between January 2013 and March 2013, and many experts expect the growth to continue over time. More here

Add Comment

Home Prices Increase by 6.7%

Monday, May 27, 2013
by Jan Delimont

by

Home prices continue to rise increasing 1.9% from the previous quarter. According to the Federal Housing Finance Agency, May has marked the seventh consecutive quarterly price rise in the purchase-only, seasonally adjusted index rate. From the first quarter of 2012 to the first quarter of 2013, home prices have increased by 6.7%. The principal economist of FHFA, Andrew Leventis said, “the housing market has stabilized in many areas and homebuilding activity has strengthened in recent quarters.” More here

Add Comment

Housing Market Confidence Jumps 3 Points

Friday, May 17, 2013
by Jan Delimont

by

According to the National Association of Home Builders index,  housing market confidence has increased 3 points from April to May averaging around 44 points. The chairman of the building association,  Rick Judson said, “builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates and strengthening local economies.” Additionally, the current-sales index gained 4 points this month and future expectation of home sales also increased 1 point, reaching  its highest average since early 2007. More here

Add Comment

Fixed Mortgage Rates Show Slight Increase

Monday, May 13, 2013
by Jan Delimont

by

According to Freddie Mac’s weekly survey, 35-year fixed mortgages increased from 3.35% to 3.42% this week. The housing market is gaining more strength as it marches further into 2013 with low mortgage rates, more home sales, and construction starts and completions on the rise.  Additionally, 15-year fixed mortgages averaged around 2.61%. Low mortgage rates have encouraged many Americans to consider buying homes or refinance their existing loans. More here

Add Comment

Housing Market Confidence Continues To Rise

Saturday, May 04, 2013
by Jan Delimont

by

Confidence in the housing market has reached levels not seen in years. 37% of homeowners are confident that their home value will continue to grow over the next year while 58% of homeowners believe their homes are currently worth more than when they purchased them, according to a recent Rasmussen Report national survey. Home prices and values continue to climb in many major cities such as Phoenix, AZ, Detroit, MI, Denver, CO, and numerous cities in California. More here

Add Comment

Unemployment Applications Decrease By 42,000

Sunday, April 14, 2013
by Jan Delimont

According to the Labor Department, weekly unemployment aid applications fell by 42,000 last week showing improvement in job growth. Last month, employers added only 88,000 jobs while in February 220,000 jobs were added to the market. The Labor Department spokesman explained that job creation was expected to fall due to Easter weekend. Experts suggest the reduction in unemployment benefits could mean a jump in hiring will return this month. More here

Add Comment

Rental Prices Across The Country Increase 3.4%

Friday, April 05, 2013
by Jan Delimont

by

Apartment rental prices are steadily rising in the United States. The average monthly rent has increased 0.5% from last quarter. According to a real estate research firm, Reis Inc, the nation’s average rent is approximately $1,054 a month. Multi-family housing vacancy rates fell to 4.3%, decreasing .02% from 2012′s last quarter. Since 2009, rental rates have increased more than 9%. A large number of renters are turning to home ownership due to the improving housing market. More here

 

Add Comment

Realty Trac Foreclosure Market Trend

Sunday, March 31, 2013
by Jan Delimont
Newsletter
RealtyTrac™ Logo

Nationwide Agent Network
Agent Photo
Jan Delimont
, ,
“I am available to assist you in purchasing a foreclosure property or another property best suited to your needs. Buying or selling, I am here to act as your local real estate specialist.”
Phone: 541-290-1850
License #: 2005083
April 2013 Volume 7, Issue 5
6 month Oregon Foreclosure Trends
NOD
NTS
NFS
LIS
REO
Search for Investment Properties>

Better to Buy Bank Owned or Short Sale?

Short sales are on the rise as a better alternative to foreclosure in many areas — good news for buyers and investors in markets where short sales are closing more quickly at solid discounts. But buying from the bank may still be a better option in other markets because of increasing REO inventory, deeper discounts and shorter times to close. Analyzing data from the RealtyTrac Foreclosure & Short Sales Report from the fourth quarter of 2012 in more than 900 metro areas nationwide, we’ve come up with the top 15 markets for buying bank-owned homes in 2013 and the top 15 markets for buying short sales in 2013. Complete Story

U.S. Bank Repossessions Drop to 65-Month Low in February as Foreclosure Starts Rebound 10 Percent From January

By RealtyTrac Staff

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 154,281 U.S. properties in February, an increase of 2 percent from the previous month but still down 25 percent from February 2012, according to the RealtyTrac U.S. Foreclosure Market Report. “At a high level the U.S. foreclosure inferno has been effectively contained and should be reduced to a slow burn in the next two years,” said Daren Blomquist, vice president at RealtyTrac. Complete Story

Here are some of the most recent Investment opportunities in the area.
Bank-Owned
Ocean Blvd SE
Coos Bay,
OR 97420
  • Amount
  • $169,900
  • Beds/Bath
  • Sq. FT
  • 4/3
  • 1,352
Property Type Address Amount Default Sq. Ft.  
Auction
Auction Date: 5/6/13
 19th St,
Myrtle Point, OR 97458		 $179,560 N/A 0 GET DETAILS
View more properties in Coos County

Housing Climate Change Roils Arizona Market

By Joel Cone, Staff Writer

After three years with the third highest state foreclosure total in the nation, the Grand Canyon State cooled off substantially in 2012, coming in with the eighth highest state foreclosure total for the year. Complete Story

Foreclosure Trends : February, 2013
National Oregon Coos CTY
NODs 11,066 700 0
NTSs 31,972 96 0
NFSs 28,473 0 0
LISs 37,732 6 0
REOs 45,038 149 0
Search for Investment Properties
Foreclosure Terms
Notice of Default (NOD)
A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD
Lis Penden (LIS)
Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS
Auction / Notice of Trustee's Sale (NTS)
A filing by notice announcing a public auction. More about NTS
Notice (Judgment) of Foreclosure Sale (NFS)
An order signed by a judge directing to sell the property at public auction. More about NFS
Real Estate Owned (REO)
The final step in foreclosure process in which property ownership returns to lender. More about REOs
Add Comment

Displaying blog entries 1-10 of 123

Contact Information

Jan Delimont
Prudential Seaboard Properties
556 N. Bayshore Drive
Coos Bay OR 97420
541-290-1850
Fax: 541-267-5771
Send an Email